Apple has admitted to the dispute with the European Commission over alleged abuse of power in the Apple Pay payment service. The iPhone company guarantees other developers of mobile wallets and payment services direct access to the NFC chip on its devices for contactless payments. Until now, you always had to use Apple Pay, which prompted the study.
Apple’s concessions were announced on Friday in a statement from the European Commission. The European Union’s competition watchdogs have now called on competitors and other interested parties to provide feedback. Apple is threatened with a high competition fine from the EU over the accusation of exclusion from its payment platform.
Specifically, the Commission accuses Apple of deliberately hindering competition in the mobile wallet sector. For example, if banks want to make their cards usable for contactless payments on the iPhone, this is currently only possible via Apple Pay and Apple’s own mobile wallet Wallet.
Banks have long criticized Apple for not having access to the NFC radio chip, which allows you to use your phone instead of a bank card at checkout. Apple explained that Apple Pay was the only way to do this, citing security concerns among other things.
The commitments offered by Apple remain in effect for ten years and are monitored by a trustee. (sda/awp)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
